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InspireMD (NSPR) Stock Price, News & Analysis

NSPR NASDAQ
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Why is NSPR Stock Down Today?

15.13% today
4 alerts
15m delay

Shares are trading on InspireMD, Inc.’s primary offering of common stock, pre-funded warrants and Series L warrants. The company says it plans to use the proceeds for research and development, sales and marketing, working capital and general corporate purposes.

In an 8-K, InspireMD also reported FDA approval for CGuard Prime’s TCAR use and disclosed substantial doubt about its ability to continue as a going concern. A separate 8-K reported third-quarter revenue down 11.1% year over year and cash and marketable securities of $19.246 million as of September 30, 2026.

AI-generated explanation by Rhea-AI, written on at . How Rhea-AI works. Not financial advice.

Price Move History

Daily moves over 5%
55 252 sessions, November 12, 2025 to November 12, 2026
Largest daily move
+22.1% close of November 3, 2026
1-year change
-56.8% closing prices, November 12, 2025 to November 12, 2026
1-month change
+57.4% closing prices, October 12, 2026 to November 12, 2026

Company Description

InspireMD, Inc. (NSPR) is a medical device company whose common stock is quoted on the Nasdaq Capital Market under the ticker symbol NSPR, according to its SEC filings. The company is described in public disclosures and press releases as the developer of the CGuard® Prime carotid stent system for the prevention of stroke and as a business that seeks to utilize its proprietary MicroNet™ mesh technology in carotid stenting.

Business focus and core technology

According to multiple company press releases, InspireMD focuses on the development and commercialization of carotid stent systems that incorporate its proprietary MicroNet™ mesh technology. The company states that it aims to make its products the industry standard for carotid stenting by providing outstanding acute results and durable, stroke-free long-term outcomes. Its disclosures highlight CGuard® Prime as a carotid stent system designed for the treatment of carotid artery stenosis and for the prevention of stroke.

InspireMD is a United States based medical device company focused on a proprietary MicroNet stent platform technology for the treatment of complex vascular and coronary disease, with products including the CGuard carotid Embolic Prevention System (CGuard EPS) and the MGuard Prime Embolic Protection System (MGuard Prime EPS). The company has generated a majority of its revenue from sales of CGuard EPS.

CGuard® Prime carotid stent system

In recent SEC filings and news releases, InspireMD describes itself as the developer of the CGuard® Prime carotid stent system for the prevention of stroke. A Form 8-K filed on June 24, 2025 reports that the company received FDA premarket approval (PMA) for the CGuard Prime Carotid Stent System in the United States. A later Form 8-K dated July 9, 2025 references a press release announcing the U.S. commercial launch of CGuard® Prime. Subsequent earnings-related news indicates that the company initiated a U.S. commercial launch and completed carotid procedures across hospitals using CGuard Prime.

Company press releases explain that CGuard® Prime is a carotid stent system that incorporates MicroNet™ mesh technology. InspireMD’s descriptions emphasize its goal of providing strong acute performance and durable outcomes in carotid interventions and of supporting a stent-based approach to carotid revascularization.

MicroNet™ mesh platform and product history

Across its communications, InspireMD consistently identifies MicroNet™ mesh as its proprietary technology platform. InspireMD's MicroNet stent platform is for complex vascular and coronary disease, and CGuard EPS and MGuard Prime EPS are products based on this platform. More recent company press releases describe MicroNet™ mesh as the core technology used in CGuard® Prime for carotid stenting, and the company states that it seeks to use this mesh technology to provide stroke-free long-term outcomes.

Clinical evidence and pivotal trials

InspireMD highlights clinical data supporting its carotid stent system. A January 2026 news release reports that results from the company’s C-GUARDIANS pivotal trial of the CGuard® Prime carotid stent system were published in the Journal of the American College of Cardiology (JACC). According to that release, the trial evaluated the safety and efficacy of carotid artery stenting with the company’s MicroNet™ covered stent in patients with asymptomatic carotid stenosis and included both symptomatic and asymptomatic patients with obstructive carotid disease at high risk for complications with carotid endarterectomy.

The C-GUARDIANS trial, as described in the publication summary provided by the company, enrolled patients across sites in the United States and Europe and assessed a composite primary endpoint including death (all-cause mortality), stroke, or myocardial infarction through 30 days, and ipsilateral stroke from 31 to 365 days. InspireMD states that the trial demonstrated low rates of disabling stroke or myocardial infarction through 30 days and low ipsilateral stroke rates through one year, with no unexpected device-related adverse events reported.

In addition to C-GUARDIANS, InspireMD has referenced external clinical evidence that is relevant to carotid artery stenting. A November 2025 press release notes the publication of the NIH-sponsored CREST-2 study in the New England Journal of Medicine and describes the company’s view that CREST-2 data support the role of carotid artery stenting combined with medical therapy for patients with severe asymptomatic carotid stenosis. The company states that these external data, together with its own C-GUARDIANS trial results, support a shift toward an endovascular-first or stent-based approach in certain segments of carotid disease.

Regulatory milestones and U.S. commercialization

InspireMD’s SEC filings and press releases describe a sequence of regulatory and commercial milestones for CGuard® Prime. A Form 8-K dated June 24, 2025 reports that the company received FDA PMA approval of the CGuard Prime Carotid Stent System in the United States on June 23, 2025. A subsequent Form 8-K dated July 9, 2025 references a press release announcing the U.S. commercial launch of CGuard® Prime for the prevention of stroke.

Later financial results releases, referenced in the company’s November 4, 2025 Form 8-K, state that InspireMD initiated its U.S. commercial launch of CGuard Prime and completed carotid procedures across leading hospitals. The company also notes that this initial U.S. commercial activity contributed to revenue and that it has been expanding its U.S. personnel, particularly its commercial team, in connection with the launch.

Geographic activity

InspireMD operates in Italy, Germany, Russia and other countries. More recent company communications describe clinical trial activity across sites in the United States and Europe and reference global experience with implants of its device. For example, a November 2025 press release notes that CGuard has been supported by more than 65,000 global implants and extensive real-world evidence. These statements indicate that InspireMD’s technology has been used in multiple international markets.

Capital markets and corporate governance

InspireMD’s SEC filings provide additional context on its status as a public company and its corporate governance. The company is incorporated in Delaware and files periodic and current reports with the SEC under Commission File Number 001-35731. Its common stock, with a par value of $0.0001 per share, is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on The Nasdaq Capital Market under the symbol NSPR.

In a Form 8-K filed on July 31, 2025, the company reports that it entered into a securities purchase agreement for a private placement of common stock and pre-funded warrants, with aggregate gross proceeds of approximately $40.1 million before fees and expenses. The same filing also describes the full exercise of a series of warrants, resulting in additional gross proceeds. These disclosures illustrate how InspireMD raises capital to support its operations and commercialization efforts.

Several Form 8-K filings in 2025 describe changes to the company’s board of directors and committee composition, including the appointment of new independent directors and audit committee leadership. The filings state that these directors are considered independent under SEC and Nasdaq rules and provide background on their experience in medical devices and life sciences.

Risk factors and operating considerations

In multiple press releases that include forward-looking statements disclaimers, InspireMD outlines a range of risks and uncertainties associated with its business. These include a history of recurring losses and negative cash flows from operating activities, the need to raise additional capital, uncertainties around clinical development, commercialization and market acceptance of its products, the possibility of negative clinical trial results or product delays, and the need to secure and maintain regulatory approvals.

The company also notes risks related to maintaining compliance with Nasdaq listing standards, dependence on a single manufacturing facility and compliance with manufacturing quality standards, competition in the medical device industry, potential product liability exposure, reimbursement by governmental and third-party payers, intellectual property protection, and the challenges of conducting business in multiple foreign jurisdictions. In some disclosures, InspireMD highlights that security, political and economic instability in the Middle East, including in Israel, could affect its business.

Position within the medical device and carotid intervention space

Based on its own statements, InspireMD positions itself as a developer of carotid stent systems built on proprietary MicroNet™ mesh technology, with a focus on stroke prevention in patients with carotid artery stenosis. The company emphasizes peer-reviewed clinical evidence from its C-GUARDIANS pivotal trial, regulatory approval of CGuard® Prime by the FDA via the PMA pathway, and external data such as CREST-2 as important elements supporting the use of carotid artery stenting.

Through its disclosures, InspireMD presents a strategy centered on advancing a stent-system approach to carotid revascularization and on building physician awareness and adoption of CGuard® Prime. For investors and observers, the company’s SEC filings and press releases provide insight into its technology platform, clinical data, regulatory progress, commercialization steps, capital-raising activities, and the key risks it identifies for its business.

Stock Performance

$0.6569
-15.13%
-0.1171
Pre-marketLast updated: November 13, 2026 at 08:20
-56.8%
Performance 1 year
$30.5M

InspireMD (NSPR) closed at $0.7740 on November 12, 2026. Over the past 12 months, the price has lost 56.8%.

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NSPR Metrics & Rankings

Price returns through November 12, 2026. Month and year figures include the first trading day. Ranking links may use different dates.

Financial Highlights

InspireMD generated $9.0M in revenue in FY2025, retaining a 29.5% gross margin, operating income reached -$49.6M, and net income was -$48.8M. Diluted earnings per share stood at -$0.76. The company generated -$35.1M in operating cash flow. The current ratio was 5.74, measuring current assets divided by current liabilities.

$9.0M
Revenue (FY2025)
-$48.8M
Net Income (FY2025)
-$35.1M
Operating Cash Flow

Upcoming Events

NOV
12
November 12, 2026 Earnings

Q3 2026 Results Call

Q3 2026 results conference call and webcast on Nov 12, 2026 at 8:30 AM ET; live audio webcast and archive on investor website.
NOV
16
November 16, 2026 Financial

Public offering closing

Expected close of $37.5M public offering on or about 2026-11-16; includes common shares, pre-funded and common warrants; customary conditions.
DEC
2026
December 2026 Regulatory

FDA supplement submission

Company expects to file FDA supplement for redesigned CAS delivery system in December 2026 to complete final testing.
H1
2027
H1 2027 Product

Product relaunch potential

Potential relaunch of redesigned carotid artery stenting delivery system in 1H 2027 pending FDA review and testing outcomes.
H1
2027
H1 2027 Regulatory

FDA approval expected - CGuard Prime

FDA approval expected for redesigned CGuard Prime delivery system in H1 2027; U.S. recall issued May 1, 2026.
YEAR
2027
2027 Product

SwitchGuard U.S. launch

Targeted U.S. commercial launch of SwitchGuard in 2027 if approved; potential market rollout and commercialization plans.
JAN
14
January 14, 2027 - January 14, 2029 Corporate

Vesting schedule A

11,264 shares vesting time‑based in three installments on Jan 14, 2027, Jan 14, 2028 and Jan 14, 2029 contingent on employment.
JAN
14
January 14, 2027 Corporate

1st-year vesting

One-third of 36,118 shares vests on first anniversary; subject to employment.
JAN
20
January 20, 2027 - January 20, 2028 Corporate

Vesting schedule B

12,000 inducement shares vesting in two equal installments on Jan 20, 2027 and Jan 20, 2028, subject to continued employment.
FEB
05
February 5, 2027 Corporate

Second vesting tranche

JUN
12
June 12, 2027 - June 12, 2029 Corporate

Vesting schedule C

500 restricted shares vesting in three installments on Jun 12, 2027, Jun 12, 2028 and Jun 12, 2029, contingent on employment.
SEP
24
September 24, 2027 Corporate

Second vesting tranche

1/3 of inducement shares vest under three-year schedule
OCT
07
October 7, 2027 Corporate

Restricted share vesting

Second vesting of one-third of restricted shares
JAN
14
January 14, 2028 Corporate

2nd-year vesting

Portion of remaining shares vests on second anniversary; subject to employment.
FEB
05
February 5, 2028 Corporate

Third vesting tranche

MAY
15
May 15, 2028 Financial

Warrant exercise deadline

Final termination date for amended Series J and K warrants; earlier if 20 trading days after FDA approval announcement.
SEP
24
September 24, 2028 Corporate

Final vesting tranche

Remaining 1/3 of inducement shares vest under schedule
OCT
07
October 7, 2028 Corporate

Restricted share vesting

Third vesting of one-third of restricted shares
JAN
14
January 14, 2029 Corporate

3rd-year vesting

Final installment vests on third anniversary; subject to continued employment.

InspireMD has 19 upcoming scheduled events. 1 of them is an earnings release or call. 2 of them are financing or capital events, such as a dividend or a debt maturity. Investors can track these dates to stay informed about potential catalysts that may affect the NSPR stock price.

Short Interest History

Last 12 Months

Short interest in InspireMD (NSPR) currently stands at 251.5 thousand shares, up 210.9% from the previous reporting period, representing 0.7% of the float. Since November 2025, short interest has increased by 483.4%.

Days to Cover History

Last 12 Months

Days to cover for InspireMD (NSPR) currently stands at 1.0 days. The ratio is the reported short interest divided by the average daily trading volume. Across the settlements charted above, it has ranged from 1.0 to 2.5 days.

NSPR Company Profile & Sector Positioning

InspireMD (NSPR) operates in the Medical Devices industry within the broader Healthcare sector and is listed on the NASDAQ.

Investors comparing NSPR often look at related companies in the same sector, including TELA Bio, Inc. (TELA), Rapid Micro Biosystems, Inc. (RPID), Elutia Inc. (ELUT), Nortech Systems Inc (NSYS), and Xtant Medical Holdings, Inc. (XTNT). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate NSPR's relative position within its industry.

Frequently Asked Questions

The current stock price of InspireMD (NSPR) is $0.6569 in pre-market trading as of November 13, 2026.

The market cap of InspireMD (NSPR) is approximately $30.5M. Learn more about what market capitalization means .

The FY2025 revenue of InspireMD (NSPR) is $9.0M, from its most recent completed fiscal year.

The FY2025 net income of InspireMD (NSPR) is -$48.8M, from its most recent completed fiscal year.

The diluted earnings per share (EPS) of InspireMD (NSPR) is -$0.76 for FY2025, its most recent completed fiscal year. Learn more about EPS .

The operating cash flow of InspireMD (NSPR) is -$35.1M for FY2025, its most recent completed fiscal year. Learn about cash flow.

The gross profit margin of InspireMD (NSPR) is 29.5% for FY2025, its most recent completed fiscal year. Learn about gross margins.

The current ratio of InspireMD (NSPR), current assets divided by current liabilities, was 5.74 at the end of FY2025, its most recent completed fiscal year. Learn about liquidity ratios.

The gross profit of InspireMD (NSPR) is $2.6M for FY2025, its most recent completed fiscal year.

The operating income of InspireMD (NSPR) is -$49.6M for FY2025, its most recent completed fiscal year. Learn about operating income.